Manager, Credit Quality Assurance (Monitoring & Evaluation)

Job: Manager, Credit Quality Assurance (Monitoring & Evaluation)- AWAF Grade: G-5B Location: Abuja, Nigeria Division: Credit Quality Assurance Function: Monitoring & Evaluation Cluster: EVP Finance, Banking Services & Technology Reporting to: Senior Manager, Monitoring & Evaluation

Job Purpose

The main purpose of the role is to support the Senior Manager, Monitoring & Evaluation in the delivery of a robust Credit Quality Assurance programme that ensures sound quality in the credit portfolio through effective credit portfolio management, review of credit processes and related developments, while ensuring compliance with policies and approval terms and conditions throughout the life of credit facilities.

This Unit focuses on conducting monitoring and evaluation procedures provided for under the RMPPs, formulating and implementing corrective action plans, providing an early warning indicator, and bringing to management's attention any notable adverse credit developments, thus allowing for timely remedial action to be taken by the Credit Quality Assurance Department (CQAS) or other relevant departments.

Qualifications & Experience of the Manager, Credit Quality Assurance:

• Postgraduate degree in Accounting, Banking, Economics, Risk Management, Business Administration, Finance or Commerce.
• A recognized professional qualification in a relevant area such as banking, risk management, audit or accounting is a strong added advantage.
• At least 8 years’ banking experience, specifically covering credit risk management, credit portfolio management, country and sector risk analysis, structured and project finance, etc.

Technical and behavioural competencies

• Deep understanding of credit risk and country risk management processes and methodologies.
• Extensive experience and understanding of credit risk mitigations and financing mechanisms including structured trade finance, project finance, and syndications.
• Familiarity with developing and managing credit risk policy and frameworks.
• Strong competency in MS suite (Word, Excel, PPT).
• Broad expertise in credit portfolio management, credit risk management, country and sector risk analysis, structured and project finance.
• Recent experience in structuring and/or restructuring in commercial lending and loan portfolio management in developing markets, particularly in the field of corporate finance or private sector development finance, in a commercial bank or DFI/Multilateral Development Bank.
• Experience working in Africa is desirable
• Familiarity with IFRS 9 and financial statements/reports analysis.
• Familiarity in designing and implementing of pragmatic approaches and initiatives in credit risk management process improvements, risk identification, monitoring and mitigations, credit performance management and analysis, and reporting.
• Strong collaborative and teamwork personality.
• Strong familiarity with country, industry and sector risk developments in Africa.
• Professional international accounting, risk management, banking and audit and certification
• Fluency in English

Key job responsibilities for the Manager, Credit Quality Assurance:

• Credit Quality Monitoring
  • Monitor risk assets (including related covenants and triggers) using early warning signals to identify credit facilities with significant increase in credit risk and, promptly initiate remedial actions.
  • Undertake timely and necessary actions to minimize credit losses in liaison with relevant internal and external stakeholders.
  • Perform ongoing assessment and monitoring of the Bank’s risk asset portfolio to ensure alignment with post disbursement conditions of credit facilities.
  • Monitor transactions’ dynamics and performance of all risk assets in line with credit risk management policy and procedural manual.
  • Make recommendations on appropriate actions to and seek approvals from Executive Management regarding credit facilities’ remedial actions.
  • Initiate the process of reclassification and declassification of credit facilities as may be necessary and appropriate.
  • Ensure adherence to credit policies, procedures, methodologies, approach and systems used in credit risk management and recommend/monitor implementation of corrective actions as considered appropriate.
  • Ensure adherence to credit covenants, undertakings and other terms and conditions of a credit facility.
  • Perform monitoring procedures of financial and operational performance of the obligors and counterparties

• Improve Credit Quality

• Quality of Credit Portfolio: Support the Senior Manager, Monitoring & Evaluation in the definition and recommendation of appropriate loan remedial strategies to reduce the Bank’s credit risk and maximize return by maintaining acceptable asset quality.
• Remedial Strategies: Support the Senior Manager, Monitoring & Evaluation in the management of qualifying risk assets within approved risk appetite limits and performance metrics.
• Liaise with Product Teams, Client Relations Department, Loan Administration Department, Loan Remediation Department and LEGA to determine appropriate workout strategies to minimize credit loss and get same properly documented.
• Provide relevant information on facilities that will aid the staging of financial assets that have increased significantly in credit risk.
• Liaise with credit analysts for the reassessment of credit grades of facilities following movements in grades and status.
• Initiate the handover of qualifying assets to the Loan Remediation Department for necessary actions in line with approved policy and procedures.
• Perform monitoring procedures relating to the collaterals held by the Bank under active credit facilities.

• Reporting
  • Prepare and submit accurate and timely reports to relevant stakeholders for review and clearance on a monthly, quarterly, half-yearly and annual basis highlighting performance against defined credit quality parameters.

• Relationship Management
  • Develop and maintain effective internal and external relationships through individual contacts and Bank facilitated forums.
  • Represent the CQAS Department as delegated by the Senior Manager, Monitoring & Evaluation in internal and external meetings and committees.
  • Maintain high level relationship with industry associations and counterparts of peer organizations to enhance capacity building and benchmarking of best-practices, executing joint projects to address shared risks and concerns, developing outlines of new methodologies and frameworks, etc.

• Compliance Responsibilities
  • Understand and adhere to the Bank'sAML, Regulatory and Conduct Compliance policies and procedures, notably:
    • Staff Handbook (has code of conduct provisions)
    • Anti-Money Laundering (AML), Counter Financing of Terrorism and Counter Proliferation Financing
    • Conflicts of Interest and Policies on Staff Involvement in External Engagements/Activities
    • Anti-Bribery & Corruption
    • Insider Trading Guidelines
  • Report any suspicious or non-compliant activities or matters relating to the Bank’s staff or the customers to the Compliance Department.
  • Complete the Annual Compliance Training/Assessment.
  • Ad hoc duties

Interpersonal skills and Leadership skills

• Provides sound judgement, diplomatic sense, and conflict resolution skills in managing the workload and colleagues.
• Provides quality and timely reports to Senior Management and other internal stakeholders.
• Maintains cordial interactions with internal and external stakeholders by deploying sound written and oral communication skills.
• Uses empathy, integrity and sensitivity to motivate and coach others to achieve the required results.
• Provides technical expertise to own function and coordinates with relevant team members to deliver on Management’s expectations
• Good people-management skills.
• Ability to deliver quality work under pressure and problem-solving skills.
• Strong ability to think strategically, develop innovative solutions, and make sound business-related decisions.

Afreximbank’s Core Values:

• Commitment to Africa and supporting the emancipation and empowerment of Africans
• Uncompromising integrity
• Passion for Learning and Drive
• Teamwork
• Trust and Respect for the Individual
• Innovation, Excellence and Flexibility
• Professionalism and Responsiveness